Achieve, a prominent player in digital personal finance, has successfully completed a significant debt settlement fee asset-backed securitization valued at $217.2 million. The transaction, known as ACHD Trust 2025-DS1, closed on December 18, 2025, and involves three classes of rated notes secured by fees generated through debt settlement programs aimed at U.S. consumers.
Andrew Housser, Co-Founder and Co-CEO of Achieve, remarked on the importance of this inaugural securitization, stating, “This marks an important step forward for Achieve and the debt relief industry.” He emphasized that achieving investment-grade ratings and attracting strong investor demand has opened a robust new capital channel. This expansion aims to enhance the company’s ability to assist consumers in managing and resolving their debt.
Details of the Securitization
The notes involved in this securitization received ratings from two agencies. The Kroll Bond Rating Agency assigned ratings of BBB- (sf) for Class A, BB- (sf) for Class B, and B- (sf) for Class C. Meanwhile, DBRS Morningstar rated Class A at BBB (sf) and Class B at BB (sf), but did not provide a rating for Class C.
The demand for these securities was notably high, with subscriptions exceeding the bond issuance amount by more than 11.5 times. A total of 25 unique investors participated in the transaction, showcasing a robust interest in this new asset class.
Jason Yee, Chief Financial Officer at Achieve, highlighted the strategic importance of this transaction. He noted that it not only broadens Achieve’s capital markets reach but also establishes a scalable asset class backed by debt settlement fees. “This transaction enhances our liquidity and flexibility, enabling us to serve even more everyday people seeking a trusted path toward a better financial future,” Yee stated.
Background on Achieve
Founded to help individuals navigate their financial challenges, Achieve combines proprietary data and analytics with personalized support. The company offers a variety of financial solutions, including personal loans, home equity loans, debt relief, and debt consolidation. Alongside these services, Achieve also provides financial education and mobile applications such as Achieve MoLO® and Achieve GOODTM.
With a workforce of 2,200 dedicated employees across the United States, Achieve maintains operational hubs in states such as Arizona, California, Florida, and Texas. The company has earned accolades for its workplace culture, consistently being recognized as a Best Place to Work.
This securitization marks a pivotal moment for Achieve, as it seeks to leverage new financial avenues to aid consumers in their journey toward improved financial health. The transaction underscores Achieve’s commitment to innovation in the debt relief sector while providing investors with new opportunities.
Should you require further information, please refer to the company’s official communications or contact the designated representatives.
